MEMC sees solar revenues rise
Despite the continuing difficult market conditions, MEMC Electronic Materials, Inc. has seen its second quarter (Q2) 2012 financial results improve on the back of stronger solar energy revenues. Despite this, it has declined to provide specific guidance for the rest of the year, due to ongoing uncertainty.
India and Chile to collaborate on solar development
According to the Indian government, Chile and India are gearing up to exchange their renewable energy knowledge. Solar energy is believed to be a particular focus.
China: GCL-Poly to develop 973 MW of PV
GCL-Poly Investment Limited has signed a letter of intent with China Merchants New Energy Limited and China Technology Development Group Corporation to develop 973 MW of photovoltaics in China between 2013 and 2015.
Greece sets new monthly PV record in June
Ninety seven MW worth of photovoltaics were installed in Greece in June, thus setting a new monthly record for 2012. To date, the country has installed 724 MW.
MOU signed to develop renewable energy on withdrawn US public lands
The U.S. Department of the Interior and Department of Defense (DoD) have signed a memorandum of understanding (MOU) to develop renewable energy, including solar, on public lands withdrawn for defense-related purposes.
Inventux saved by South American investors
The insolvent, Germany-based Inventux has been saved. More than half of the companys workforce will be retained.
North Africa: Maghreb countries are preparing for the solar sector
With its high solar radiation and growing demand for energy, North Africa is set to become a big future solar market. pv magazine spoke with expert Badr Ikken, director and co-founder of Moroccan-based National Institute IRESEN about the current situation in the region, and its potential.
Suntech fraud investigation prompts class action lawsuits; claims of forewarnings
Following the news that Suntech may have backed fictitious bonds, two class action lawsuits have been launched in the U.S. Meanwhile, media reports claim warnings were sent to the China Development Bank (CDB) urging it not to invest in southern Italy, due to the risk of fraud there. With an estimated debt of US$2.3 billion, there are fears Suntech will reach “breaking point” in 2013.
Tokelau: Worlds first 100 percent PV territory
The South Pacific territory of Tokelau is set to become the first territory to have its electricity provided entirely by photovoltaics. The archipelago is a dependent territory of New Zealand.
First Solar reports higher net sales
First Solar released its second quarter financial results for 2012 with net sales of US$957 million. This is an increase of $460 million from the first quarter and $425 million from the second quarter of 2011. First Solar attributes the better sales primarily to an increase in number and size of projects under construction.
